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Ray'S Corporation Ltd

10896289

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

114A ALDBOROUGH ROAD SOUTH, ILFORD, IG3 8EZ
Incorporated 02/08/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46420
Wholesale of clothing and footwear

Officers

Mr Mohammad Rizwan Nasrullah

director · Since 07/07/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 32

Also on 2 other boards

Persons with Significant Control

Mr Mohammad Rizwan Nasrullah

75–100% shares

British · England · Age 32

114a, Aldborough Road South, Ilford, IG3 8EZ

Notified 02/08/2017

CompanyRankvs 2199+ SIC 46420 peers
64

Financial strength64th percentile among SIC peers · 16/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 7.43× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength16/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees4/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

£4k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£12k

Working capital

Current Assets

£14k

Current Liabilities

£2k

Fixed Assets

£1k

0avg. employees

Balance Sheet

Assets less current liabilities£13k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20247.43+£548
202315.14-£2k
20226.58+£561
20213.65+£3k
20206.32
20190.48
20180.48

Derived from filed accounts. Not audited figures.